In This Article:
Justin Sullivan / Getty Images
Home Depot's CFO said the company plans to "generally maintain" its current price levels.U.S. stock futures are pointing mostly lower; Home Depot (HD) says it intends to "generally maintain" its pricing despite U.S. tariffs; Tesla EV battery supplier CATL's stock soars in its Hong Kong debut; UnitedHealth (UNH) shares are rising further in premarket trading after executives make stock purchases; and Palo Alto Networks (PANW) is slated to report quarterly results after the bell. Here's what investors need to know today.
1. US Stock Futures Point Mostly Lower After Indexes Rise to Begin Week
U.S. stock futures are pointing mostly lower after major indexes moved higher to start the week. S&P 500 futures are dipping 0.2% after the benchmark index extended its winning streak to six sessions Monday. Nasdaq futures are 0.3% lower and Dow Jones Industrial Average futures are near flat. Bitcoin (BTCUSD) is slipping to trade slightly below $105,000. Gold futures are rising slightly and oil futures are slipping. The yield on the 10-year Treasury note is rising to trade around 4.46%.
2. Home Depot Expects to 'Generally Maintain' Prices Amid Tariffs
Home Depot (HD) shares are rising 2% in premarket trading after the hardware retailer reported better-than-expected quarterly revenue and its CFO told CNBC the company plans to "generally maintain" its current prices amid U.S. tariffs. The company reported net sales increased 9% year-over-year to $39.86 billion, ahead of expectations of analysts tracked by Visible Alpha, while adjusted earnings per share of $3.56 was in line with estimates. The company also affirmed its full-year outlook.
3. Tesla Battery Supplier CATL's Stock Soars in Hong Kong Trading Debut
Shares of Chinese electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Co., or CATL, jumped 16% in their Hong Kong trading debut Tuesday as the firm raised more than $4.5 billion in its secondary listing. The Tesla (TSLA) EV battery supplier is already listed on the Shenzhen Stock Exchange in mainland China. In its prospectus, CATL said that at the end of last year, its "EV batteries were installed in over 17 million vehicles, which represents one in every three EVs worldwide."
4. UnitedHealth Stock Rises Further After Company Insiders Buy Shares
UnitedHealth (UNH) stock is rising a further 2% in premarket trading after the insurer's shares bounced back from a five-year low Monday as several company insiders made purchases. UnitedHealth rose 8% yesterday after newly installed CEO Stephen Hemsley and other top officials made significant purchases of company shares. Shares had plummeted after Hemsley’s predecessor Andrew Witty resigned and a report that the U.S. Department of Justice was investigating the firm for possible Medicare fraud. Despite Monday's gains, the stock has lost nearly half its value over the past five weeks.